Quality of Life in Albuquerque, NM on an $84,450 Income

Albuquerque, NM offers a unique living experience with its distinctive Southwestern culture, diverse landscapes, and dynamic growth. Here's an assessment of how someone earning $84,450 per year might fare in Albuquerque relative to the broader United States in terms of cost of living, housing, healthcare, and K-12 education.

Cost of Living

• Overall Cost of Living: Albuquerque's cost of living is generally lower than the national average. Residents often find that essential expenses such as groceries, transportation, and utilities are more affordable.
• Comparison to National Average: Albuquerque scores modestly on national cost-of-living indices, making it a favorable option for middle-income earners.

Housing Market

• Median Home Prices: As of the latest data, the median home price in Albuquerque is below the national average, which provides more access to affordable housing for residents.
• Rental Prices: Rent in Albuquerque is also typically lower than in many U.S. metropolitan areas, offering a wider range of affordable rental options from apartments to houses.
• Housing Market Trends: The Albuquerque housing market has been stable with slight increases in property values, offering opportunities for investment and ownership without the volatility of larger markets.

Quality of Life

• Climate and Outdoor Activities: Albuquerque boasts a mild climate with plentiful sunshine, offering residents ample opportunities for outdoor recreation, from hiking in the Sandia Mountains to exploring the Rio Grande.
• Cultural Amenities: The city hosts a variety of cultural events, museums, and a vibrant arts scene, contributing to a rich quality of life.

Access to Healthcare

• Healthcare Infrastructure: Albuquerque has a well-developed healthcare system, with several major hospitals and clinics providing a range of services.
• Cost of Healthcare: While healthcare costs are in line with the national average, residents benefit from broad access to care and specialized medical services.

Quality of K-12 Schools

• Educational Opportunities: The Albuquerque Public Schools system is one of the largest in the U.S., offering diverse educational programs and extracurricular activities.
• School Quality: The quality of schools varies, with some highly-rated public and charter schools as well as private schooling options available to families.

Summary of Assessment

Living in Albuquerque on an $84,450 salary affords a comfortable quality of life, with advantageous cost-of-living conditions and reasonably priced housing. Residents enjoy